[quote=VituVingiSana]All banks to reduce interest rates for all (new and existing) loans.
When? [KCB and CFC said 1st Sep]
Other fees?
http://kba.co.ke/media/l...s-to-existing-customers[/quote]
If you attended an economics class, you know competition between providers of undifferentiated goods and services: prices will tend to drop to just above the lowest cost.(the bottom)
Welcome gents n ladies to the race to the bottom.
Higher cost providers will exit the market, leaving only the most efficient sellers dealing with the buyers. Survival of the fittest.
You want to risk your capital in the race to the bottom?